The perfect storm is coming with inflation on top of this
The share of subprime credit cards and personal loans that are at least 60 days late is rising faster than normal, according to credit-reporting firm Equifax Inc. In March, those delinquencies rose month over month for the eighth time in a row, nearing their prepandemic levels.
Delinquencies on subprime car loans and leases hit an all-time high in February, based on Equifax’s tracking that goes back to 2007.
This is per the WSJ today.
I would not buy anything right now. With the above and the stock market plunge, I expect there will be a lot of cars/boats you name it for sale shortly.